Denison Mines Corp. (TSE:DML) Receives C$3.53 Consensus Price Target from Analysts

Shares of Denison Mines Corp. (TSE:DML) (NYSE:DNN) have been assigned an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$3.53.

DML has been the subject of several research reports. National Bankshares set a C$3.75 price target on shares of Denison Mines and gave the company an “outperform” rating in a research report on Tuesday, June 24th. Desjardins raised shares of Denison Mines to a “moderate buy” rating in a research report on Monday. Finally, TD Securities lifted their price target on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “buy” rating in a research report on Monday, August 11th.

Denison Mines Trading Down 1.5%

TSE DML opened at C$2.66 on Thursday. The company has a fifty day simple moving average of C$2.68 and a 200 day simple moving average of C$2.30. Denison Mines has a 12-month low of C$1.58 and a 12-month high of C$3.45. The company has a market cap of C$2.40 billion, a P/E ratio of -88.54, a PEG ratio of 1.42 and a beta of 1.89.

Denison Mines Company Profile

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan.